You are offered a range of financial asset classes to select from by LimeFx. However, its offerings are limited in comparison with other standard Forex brokers in the market. The spreads for most instruments are about the same with both the account types at LimeFx. There is not much different in these account types other than the platform.

Tailored for All Traders

This account offers only a floating spread that begins with 0.2 pips. You are not charged any commission for trading with this account. You can open an LimeFx Micro Account with a minimum deposit of $25. The instruments offered by the broker include CFD trading in Shares, Forex, Indices, Commodities, and ETFs. The exact spreads at LimeFx are variable based on the account type you choose with them. Both the accounts have low spreads & no extra commissions per lot.

LimeFx Account Types

LimeFx does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. LimeFx doesn’t cater to US traders due to regulatory restrictions. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Overall, with good support accompanied by low trading fees, abundant tools, LimeFx offers a great trading platform for beginner traders as well as Pros.

Forex Risk Disclaimer

LimeFx Group is regulated with 1 Tier-1 regulation CySEC (license number 372/18). Trader from SA are registered under Orinoco Capital (Pty) Ltd, which is registered in SA. LimeFx Customer Support is available to you through diverse channels. This is accessible to you on 5 weekdays for 24 hours through Live Chat, E-mail, and WhatsApp (texts only).

• Each year, we collect thousands of data points and publish tens of thousands of words of research.
• Consider your trading needs, strategies, and risk tolerance levels.
• You are not charged any commission for trading with this account.
• Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
• Opening an account with LimeFx is a relatively straightforward process.

South African traders signing up with LimeFx are registered under FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders. In addition, LimeFxFX also keeps user funds distinctfrom that of the company. Thus, it is in compliance with international Forextrading standards. Further, it uses an authentication model through 3D securetechnology for extra protection to online payments.

It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect limefx website thousands of data points and publish tens of thousands of words of research. We’ve shortlisted the best UK forex brokers in the industry for you. Telegram uses a proprietary digital currency known as Stars, and users on the platform can buy subscription services and extra content with that currency.

LimeFx offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).

LimeFx platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, https://limefx.biz/ or indicators presented in these products will be profitable, or that they will not result in losses. Telegram earns a commission on all transactions that involve Stars, so the company is incentivized to expand its options for earning money to its users. One of the upcoming features is Star Reactions, which lets users provide support to content creators.

LimeFx’s market research is well organized and varied in its content. Rather than specializing in any one field, LimeFx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering. If these new features are successful, Telegram’s users can expect more ways to interact with and buy from content creators, and creators can expect more methods of reaching their fans and providing content for them. Traders from South Africa have option to open only USD base currency account. You can use BTC, ETH, LTC, DOGE & USDT as your payment method for both side.

You can either choose the floating spread that starts with 0.6 pips. With this account, LimeFx does not charge you any commission on the trade, only fees is their spread. Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options. It utilizes cloud servers to backup accounts and keep a centralized tab on all of them. LimeFxFX allows traders to select from a number ofplatforms for the biggest cross-section of trading preferences and levels.

LimeFx provides fully functional mobile trading apps for MT4, MT5, and LimeFxTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. LimeFx offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

Finally, LimeFx offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFx provides advanced analytical tools, including charting capabilities and various technical indicators. Their spreads with this account are lower compared to the MT5 account. The fees at LimeFx are moderate in comparison with other Forex brokers. LimeFx has spreads only accounts for traders (no commission based accounts for FX traders). These are variable depending on the trading account you choose with them.

It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. They are now promoting new money earning opportunities for people who create content for the platform. LimeFx mobile trading apps are useful for both advanced and beginner traders. You can trade through LimeFx with any of the 3 trading platforms that the broker offers. The minimum deposit required to open the Micro Account is $25.

There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LimeFx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.

The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. LimeFx stands out with several unique features designed to enhance the trading experience and provide insights into market trends. LimeFx requires a minimum deposit of only $25, lowering the entry barrier for many traders. Moreover, LimeFx offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that LimeFx does not currently offer trading in stocks, ETFs, futures, bonds, or options.

This platform has clients originating from over 100nations around the world. It is important to note that the UK’s FinancialConduct Authority considers LimeFxFX as a legitimate and regulated brokerage. While LimeFx presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.